The war premium embedded in oil prices could collapse quickly if a deal is reached regarding the Strait of Hormuz. According to the article, this premium keeps Brent about $20 above JPMorgan’s estimated fair value. BMI anticipates a sharp oil price decline in that scenario.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
